bitcoinlfg

Category: NEWS

  • Fear & Greed Index hits 63 as Bitcoin, ETH, and SOL rebound

    Fear & Greed Index hits 63 as Bitcoin, ETH, and SOL rebound

    Fear & Greed Index hits 62 as Bitcoin, ETH, and SOL rebound

    • Fear & Greed Index hits 63, up from “Neutral” the day before.
    • Profit-taking among short-term BTC holders has eased.
    • Analysts see potential for BTC breakout toward $125,000.

    Bitcoin regained ground above $114,000 on Thursday, marking a return in investor confidence after a volatile weekend triggered short-term jitters across the cryptocurrency market.

    As sentiment improved, the Crypto Fear & Greed Index climbed to 63 — a level that signals “Greed” — suggesting traders anticipate further upside despite recent turbulence.

    The bounce follows Bitcoin’s decline to $112,000 over the weekend, down from its mid-July peak of $123,100.

    However, the modest 1% rebound over the past 24 hours to $114,961 has shifted outlooks among both traders and analysts, who now see signs of short-term stability.

    Bitcoin price
    Source: CoinMarketCap

    Broader market rebounds with ETH up 2.52%, SOL up 3.26%

    The wider digital asset market mirrored Bitcoin’s move. Ether (ETH) gained 2.52% in the past 24 hours to trade at $3,724, while XRP (XRP) rose 1.87% to $2.99.

    Solana (SOL) posted the strongest performance among major altcoins, climbing 3.24% to $169.56.

    The change in market direction coincided with a cooling off in profit-taking by short-term Bitcoin holders.

    According to experts, this group—defined as those holding for less than 155 days—has significantly reduced its selling activity since earlier this week.

    This reduction in sell pressure is seen as one reason behind Bitcoin’s ability to reclaim price levels lost during the weekend drop.

    Market watchers suggest that fewer short-term exits often signal a return to confidence, especially when prices are inching higher after a correction.

    Analysts eye potential for Bitcoin breakout above resistance

    Crypto analysts have responded to the sentiment shift by highlighting a potential bullish breakout.

    Several trading desks tracking Bitcoin’s price action noted that the asset is once again testing a key resistance zone.

    This pattern of consolidation near the upper range is often seen ahead of upward breakouts, particularly when supported by improving sentiment indicators like the Fear & Greed Index.

    Historical price behaviour also shows that when Bitcoin holds above psychological levels such as $110,000 after a sharp dip, it tends to attract renewed buying interest from both retail and institutional participants, increasing the likelihood of a continuation in upward momentum over the short term.

    Crypto market regains momentum amid reduced profit-taking

    The shift in sentiment, now back in the “Greed” zone, is closely watched as an early indicator of investor mood and market trajectory.

    Thursday’s reading of 63 represents a notable recovery from the previous day’s “Neutral” rating, underlining how quickly outlooks can change in the crypto sector.

    Bitcoin’s gradual rebound and ETH and SOL’s stronger rallies suggest that investors may see the latest uptick as the start of a broader recovery, rather than a brief relief rally.

    Much will now depend on whether Bitcoin can break above its current resistance level and establish a new short-term trend.

    Share this article
    Categories
    Tags

    Source link

  • BTC hovers at $115K; ETF flows turn negative, short-term holder profitability drops

    BTC hovers at $115K; ETF flows turn negative, short-term holder profitability drops

    BTC hovers at $115K; ETF flows turn negative, short-term holder profitability drops

    • Bitcoin (BTC) is trading in a low-liquidity “air gap” between $110K and $116K, according to Glassnode.
    • The market is “re-finding its footing” after a post-all-time-high correction amidst low volume and weak conviction.
    • Spot Bitcoin ETF flows recently turned negative, with a 1,500 BTC outflow marking the largest since April.

    Bitcoin is treading water around the $115,000 mark on Thursday morning in Asia, up a modest 1% over the last 24 hours, as the inevitable correction following its recent all-time high continues to unfold amidst low trading volumes and a clear lack of market conviction.

    Analysts are now closely watching a low-liquidity zone that could either serve as a new foundation for the next leg up or become a trapdoor for a deeper price drop.

    According to on-chain analytics firm Glassnode, Bitcoin has entered what it describes as an “air gap”—a low-liquidity zone between $110,000 and $116,000.

    This has occurred after the price broke down from a major supply cluster where short-term holders had previously found significant support. These “air gaps” are areas that typically see very little historical trading activity.

    They can either provide an opportunity for new buyers to accumulate positions and build a strong base, or, if demand fails to materialize, they can lead to sharp and swift moves to the downside.

    “The market is effectively re-finding its footing,” the Glassnode analysts wrote, framing the range between $110,000 (the prior all-time high) and and 116,000 (the cost basis for recent buyers ) as the new critical battleground.

    They noted that while some opportunistic buying has emerged on there cent dip, with approximately 120,000 BTC acquired by new buyers, the price has yet to reclaim key resistance levels convincingly.

    A particularly important threshold is the 116,9K level, which marks the entry point for many recent short-term holders.

    Cooling sentiment: ETF outflows and reduced leverage

    Several indicators point to a cooling of the bullish fervor that recently propelled Bitcoin to its record highs. Short-term holder profitability has dropped from a peak of 100% down to 70%.

    While Glassnode frames this as a typical development for a bull market’s mid-phase, they caution that without a fresh wave of capital inflows, this could quickly erode market sentiment.

    Indeed, spot Bitcoin ETF flows have recently turned negative, with a 1,500 BTC outflow recorded earlier this week—the largest single-day outflow since April.

    At the same time, funding rates in the derivatives market have cooled significantly, a sign of reduced leverage and a more cautious stance among speculative traders.

    Market maker Enflux offered a similar take on the current environment. “Crypto markets remain in a fragile holding pattern. Despite some relief in the altcoin space, majors like BTC and ETH are still struggling to inspire confidence,” the firm wrote in a recent client note.

    “The broader trend? Heavy legs with more or less light volume.” Enflux concluded, “Until BTC and ETH reclaim strength with volume, the path of least resistance could remain sideways to down.”

    The market’s next significant move now likely hinges on whether a new cohort of buyers is willing to step in and build a solid support base within this low-volume “air gap,” or whether another flush down towards the $110,000 level is needed to fully reset the trend.

    For now, traders remain cautious, and the bulls are yet to prove they have regained control.

    Broader market snapshot

    • BTC: While the market navigates this “air gap,” some observers are pointing to a potential, longer-term Bitcoin supply shock.

    • This is being driven by reportedly drying up reserves on Over-The-Counter (OTC) desks and steady corporate accumulation, a combination that could “uncork” a major price move after a potential dip below $110,000.

    • ETH: Ethereum (ETH) is up 2% in the last 24 hours, trading just below the $3,600 mark. The CoinDesk 20 Index, which tracks a broad basket of crypto assets, gained 1.69% to 3,815.22.

    • Gold: Gold’s recent rally stalled on Wednesday as traders took profits. The market is currently weighing rising odds of a Federal Reserve rate cut against ongoing U.S. trade tensions and a looming Fed leadership shakeup.

    • This has left prices flat after a three-day gain that was driven by signs of economic weakness. Spot gold last traded at $3,372.11, down 0.24% on the day.

    Share this article
    Categories
    Tags

    Source link

  • AAVE daily fees skyrocket 200%, signaling lending market recovery

    AAVE daily fees skyrocket 200%, signaling lending market recovery

    AAVE daily fees skyrocket 200%, signaling lending market recovery

    • Aave’s daily fees increased by around 200% within the last three months.
    • They hit multi-month peaks of over $3 million per day, indicating intensified borrowing.
    • The surge reflects reinvigorated DeFi lending interest.

    Aave continues to dominate the DeFi lending market, this time attracting attention with serious figures.

    CoinGecko data shows daily fees on the blockchain have increased by more than 200% since May.

    That signals amplified on-chain activity and soaring demand for decentralised liquidity.

    Most importantly, the statistics signal DeFi borrowing resurgences.

    The chart shows AAVE’s 24-hour fees were below $1.2 million in early May.

    It had surpassed 43 million as of the end of July, printing multi-month highs.

    Revenue saw a modest gain (still below $500K) compared to collected fees, but the increase reflected enriched platform profitability.

    Furthermore, the chart reflects significant dips and spikes in fee activity, which indicates healthy volatility.

    Such fluctuations suggest an active lending market with healthy utilisation, and not instability.

    Meanwhile, daily fees are the revenue engine for Aave.

    The prevailing trend signals emerging resurgences for the protocol that saw flattened activity early in the year.

    What’s driving Aave fees?

    Borrowing demand is at the centre of the surging daily fees in the ecosystem.

    Individuals pay interest whenever they borrow on Aave, and these payments account for the highest portion of the daily fees.

    Fee income increases when more users take loans, possibly to chase price actions or leverage yield opportunities.

    Also, the latest integrations have propelled fees.

    For instance, users have deployed more than $60 million into yield-generating opportunities via MetaMask’s Aave-powered Stablecoin Earn feature.

    Such streamlined plug-ins make it smooth for retailers to access lending markets, enriching demand for AAVE’s liquidity pools.

    Moreover, the latest stable Ethereum price actions have encouraged users to (directly) interact with dApps again.

    ETH has performed well over the past few sessions, even driving the “altcoin season” narrative.

    Fees and protocol activity have surged as participants borrow assets, including stablecoins, from Aave.

    AAVE price outlook

    The native token reflected the increase in on-chain activity with notable gains.

    It has gained approximately 60% since May 1 to press time levels of $263.

    That makes it one of the top-performing DeFi assets this cycle – a notable feat, as meme coins, L2s, and centralized narratives dominate the trends.

    Meanwhile, the rising fees will possibly boost revenue in the upcoming sessions.

    That would bolster sentiments around Aave and its native coin.

    Continued borrowing activities will likely help the protocol cement its status in the DeFi lending landscape, which would bolster AAVE’s utility and price gains.

    Analyst CW predicts short-term recoveries for the altcoin.

    He highlighted that AAVE’s nearest resistance zone is at $325, a nearly 25% increase from the market price.

    Also, experts remain optimistic about AAVE’s performance.

    For example, the BitMEX co-founder recently purchased significant amounts of the token via over-the-counter.

    Share this article
    Categories
    Tags



    Source link

  • Mantle price outlook as MNT gains momentum with 20% spike

    Mantle price outlook as MNT gains momentum with 20% spike

    Mantle Price Bullish

    • Mantle is up 20% in 24 hours amid overall altcoin rcovery.
    • The MNT token reached highs of $0.91 on Tuesday and could break to $1 and eye the all-time high of $1.51.
    • Ecosystem growth buoys overall bullish momentum.

    Mantle (MNT) price has surged more than 20% in the past 24 hours, jumping from lows of $0.72 to $0.91.

    This uptick aligns with other altcoins’ bounces over the past day, with likes of Litecoin and Pump.fun among top gainers in the largest 100 coins by market cap.

    Notable gains for Mantle have come amid a 280% surge in daily volume to $622 million, while its market cap has increased to $2.96 billion.

    Mantle pumps 20% as altcoins bounce

    As noted, Mantle’s price surge coincides with a pump in the broader altcoin market.

    A lot of the upside momentum has come after last week’s sell-off, with an announcement from the Commodity Futures Trading Commission buoying investors.

    MNT price has also benefited from a robust network, which boasts a significant increase in stablecoin market cap to $653 million.

    The total value locked in DeFi on the protocol has also jumped to $233 million, largely helped in recent weeks by a surge in activity around its ecosystem.

    Also worth noting is Mantle’s contribution of 101,867 ETH worth over $388 million to the Strategic ETH Reserve.

    Institutional inflows through initiatives like the Mantle Index Four and innovative products such as mETH Protocol for liquid staking add further upside fuel. Lookonchain highlights these in the X post below.

    Mantle’s strong market momentum has MNT trading towards the psychological $1 mark. The last time bulls hovered at or above this level was in February 2025.

    Is Mantle price poised for a breakout to a new all-time high?

    Mantle’s price trajectory has bulls eyeing fresh bids above $1, and analysts say a breakout above this level could catapult MNT past its all-time high of $1.51. The altcoin reached this milestone on April 8, 2024.

    On the daily chart, technical indicators provide bullish signals. The Relative Strength Index (RSI) stands at 66 and upsloping to indicate potential upside continuation before hitting the overbought zone.

    Mantle price chart by TradingView

    Meanwhile, the Moving Average Convergence Divergence (MACD) indicator suggests a bullish crossover. Per the chart above, the MACD line is looking to cut above the signal line, highlighting a potential short-term bullish momentum.

    Mantle is also trading near the upper Bollinger Band at $0.87 with price above the middle line and with likely support at the lower band of $0.68.

    A decisive break above the upper resistance could signal a bullish flip, allowing buyers to extend gains past $1 to the $1.40 region.

    A confirmation of an upbeat sentiment from other catalysts will help this bullish trend. The downside however could make $0.68 a key level to watch. Major support also lies near $0.55.

    Share this article
    Categories
    Tags



    Source link

  • Litecoin price prediction as LTC jumps 12% on bullish catalysts

    Litecoin price prediction as LTC jumps 12% on bullish catalysts

    Litecoin Price

    • Litecoin price is up 12% in 24 hours, hitting $127 as altcoins look to bounce back.
    • The LTC price could rally to $200 and target a new all-time.
    • Bullish catalysts include spot ETF anticipation, payments activity/adoption and treasury strategy moves.

    Litecoin trades as one of the top gainers in the past 24 hours, with the altcoin boasting a 12% spike as price hovers near $126. Gains see weekly uptick extended and LTC up by more than 47% in the past month.

    Amid a confluence of bullish catalysts, can Litecoin price jump to its year-to-date highs near $140 and target multi-year peaks above $200?

    Litecoin jumps 12% amid notable bullish momentum

    Litecoin’s double-digit uptick, which pushed price from lows of $111 to above $127 at the time of writing, comes as the broader crypto market seeks a fresh leg up.

    On Tuesday, Aug. 5, the total market cap was up 1% to $3.74 trillion, with this following Monday’s resilient performance across stocks and crypto. Most top altcoins including Ethereum, XRP and Solana are in the green, with latest regulatory developments adding to the prevailing crypto sentiment to suggest more gains are likely in the short term.

    For LTC, the outlook gets a further bullish impetus from a range of factors. It includes overall anticipation of a spot Litecoin exchange-traded fund (ETF) approval, increased use as a payment currency and significant institutional interest amid treasury strategy moves.

    Recently, Bloomberg analysts put a 95% probability on a spot LTC ETF approval in 2025, and regulatory developments suggest this outlook remains.

    Meanwhile, bullish projections for Litecoin are gaining traction amid institutional interest, with MEI Pharma’s $100 million Litecoin treasury strategy a major corporate allocation already. Also fueling price gains is Litecoin’s growing use in remittances and payments.

    What next for LTC price?

    Litecoin’s price gains may see profit taking kick in and derail buyers, particularly given the surge to a five month high for LTC.

    LTC chart by TradingView

    However, the altcoin has broken above a symmetrical triangle on the weekly chart, signaling potential upside continuation. This breakout above the triangle’s upper resistance means bulls may want to target the supply wall around $200.

    Notably, the Moving Average Convergence Divergence (MACD) has a bullish crossover, aiding the outlook for upward momentum. The Relative Strength Index (RSI) also ticks above 64, indicating room for more gains before hitting overbought conditions.

    If buying pressure continues, bulls may eye $200 and higher in the short term. However, if it fades, a short-term pullback to the $110–$101 support zone may ensue. This LTC price outlook nonetheless depends on overall bullish conditions.

    Share this article
    Categories
    Tags



    Source link

  • MYX Finance (MYX) price just shot up 289%: Here’s why

    MYX Finance (MYX) price just shot up 289%: Here’s why

    MYX Finance price surge

    • MYX Finance (MYX) price has skyrocketed amid hype around its upcoming V2 upgrade.
    • Binance listing has also boosted the token’s visibility and sparked retail FOMO.
    • MYX Finance TGE, two months ago, saw 30,296% oversubscription, fueling early demand.

    While the cryptocurrency market is no stranger to wild price swings, the recent surge in MYX Finance (MYX) has grabbed the attention of traders and analysts alike.

    Over the last 24 hours, MYX token soared by an astonishing 289%, briefly hitting an all-time high of $0.989 before pulling back to $0.8810 at press time.

    MYX Finance price

    This dramatic rally has sparked widespread interest, especially as MYX Finance cements its position in the DeFi derivatives landscape.

    The spike in MYX’s value is not just a fluke. It is the result of several fundamental developments, market hype, and strong trading performance.

    Notably, investors are flocking to take part in what they believe could be a long-term uptrend as the MYX Finance platform prepares for a major upgrade.

    The MYX Finance V2 upgrade buzz

    A major driver of the MYX price rally is the heightened anticipation surrounding its upcoming V2 launch.

    Although the development team has not yet disclosed a release date, speculation around the upgrade has been intense.

    Many believe that V2 will significantly enhance MYX Finance’s trading experience by introducing zero-slippage execution, advanced chain abstraction, and improvements to its proprietary matching pool mechanism.

    These features are expected to bring a more seamless and efficient trading model to on-chain users.

    The protocol’s monthly volume has already hit an all-time high, reaching $9.07 billion over the past 30 days, with $285 million traded in just the last 24 hours.

    This surge in usage indicates a rapidly growing interest in the MYX platform ahead of the much-anticipated upgrade.

    And because the MYX token plays a key role in accessing these features, such as discounted trading fees, demand for the token has skyrocketed.

    Early MYX TGE hype laid the groundwork

    Long before this week’s rally, MYX Finance had already generated buzz within the DeFi community.

    On May 6, 2025, the project held its token generation event (TGE) on Binance Wallet.

    The event was a massive success, with a staggering 30,296% oversubscription. Over $51 million in trading volume was recorded within the first 24 hours.

    This early success helped MYX dominate the BNB Chain DEX space, quickly accumulating $35.2 million in total value locked (TVL).

    Participation in the TGE required at least 142 Alpha Points, a structure that helped drive deep community engagement and strengthen early demand for the token. Since then, the project has maintained a strong narrative of growth and innovation.

    Binance spotlight ignites FOMO

    In addition to the protocol’s organic growth, MYX recently received a significant boost in visibility after becoming the top gainer on Binance.

    On August 4, the token’s price jumped by 138% in a single day, triggering a 711% increase in daily volume to $46 million.

    This momentum was further amplified by social media activity, including a tweet from the MYX team quoting Binance founder CZ, which drew tens of thousands of views.

    While the rally looks attractive, the token’s Relative Strength Index (RSI) hit 97.45, an indication that it is heavily overbought.

    MYX Finance price outlook

    Despite the rapid price rise, traders remain sharply divided on MYX’s short-term outlook.

    The upcoming V2 release could mark a significant turning point, but only if user adoption continues to scale and on-chain activity holds up.

    On the flip side, MYX’s low market cap and retail-heavy volume mean it remains susceptible to pump-and-dump cycles and sudden reversals.

    Nevertheless, with strong backers like Sequoia China, HashKey Capital, and ConsenSys, as well as a growing presence across major chains like Arbitrum, Linea, and BNB Chain, MYX Finance is building more than just hype.

    The coming weeks will reveal whether it can convert this momentum into sustainable growth or whether this explosive rally is a short-lived spike.

    Share this article
    Categories
    Tags



    Source link

  • Bitcoin rebounds to $115K after weekend selloff; Institutional ETF flows in focus

    Bitcoin rebounds to $115K after weekend selloff; Institutional ETF flows in focus

    Bitcoin rebounds to $115K after weekend selloff; Institutional ETF flows in focus

    • Bitcoin (BTC) has rebounded to trade above $115,000 after a selloff that saw over $1B in liquidations.
    • The recent correction was driven by weak US jobs data and a new wave of US tariffs.
    • QCP Capital views the selloff as a “leverage flush,” noting that the broader structural setup for BTC remains intact.

    Bitcoin (BTC) is staging a modest rebound as the East Asian trading day gets underway, changing hands at just over the $115,000 mark.

    This recovery comes after a punishing selloff last week that saw over $1 billion in leveraged long positions liquidated and the leading cryptocurrency briefly test the $113,000 level.



    While the bounce is a welcome sign for bulls, the market remains on edge, with investors carefully weighing signs of institutional stabilization against persistent macroeconomic fears.

    The aftermath of a ‘leverage flush’: a cautious optimism

    The latest market correction, which marked Bitcoin’s third consecutive Friday selloff, was fueled by a hawkish macroeconomic cocktail.

    Weaker-than-expected US jobs data, combined with a fresh wave of tariffs announced by Washington, triggered a broader “risk-off” mood that hit both equities and crypto.

    Altcoins bore the brunt of this downward move, with Solana (SOL) falling nearly 20% on the week and Ethereum (ETH) losing close to 10%.

    Despite this sharp drop, some market observers, like trading firm QCP Capital, remain cautiously optimistic. “The broader structural setup remains intact,” the firm wrote in a Monday note, pointing to the fact that Bitcoin had achieved its highest-ever monthly close in July.

    QCP views the recent selloff not as a fundamental trend reversal, but rather as a necessary “leverage flush”—a painful but healthy shakeout of over-leveraged positions that has historically cleared the path for renewed accumulation and the next leg higher.

    Hedging and headwinds: investors still price in downside risk

    That said, market hedging behavior suggests that investors are not yet ruling out the possibility of deeper downside.

    On the prediction market Polymarket, traders are currently assigning a 49% probability that Bitcoin will dip below the $100,000 mark before the end of 2025.

    This represents a 2 percentage point increase from the day prior, indicating that near-term anxiety is still very much present.

    This pricing reflects a market that is still on a knife’s edge.

    Downside tail risk is clearly being priced in, despite a host of supportive long-term fundamentals, which include increasing regulatory clarity, growing stablecoin adoption, and a wave of real-world asset tokenization initiatives.

    The next major catalyst for the market could come during the Asia trading day, as US issuers report their latest ETF flow data, which typically happens by mid-day Hong Kong time.

    The market’s stabilization appears to be supported by some early positive signs on this front, with Bitwise reporting $18.74 million in net inflows, a potential reversal after one of the largest ETF outflow days on record last Friday.

    If these ETF inflows continue to show strength and implied volatility begins to compress, it may provide the confirmation that the market needs to fully embrace the “buy-the-dip” narrative and shake off the macro jitters that have kept it stuck in neutral.

    Broader market snapshot

    • BTC: Bitcoin is trading back above $115,000, signaling early signs of market stabilization after a volatile week.

    • ETH: Ether is holding steady around $3,700, with Polymarket traders showing confidence that it will break above the $4,000 mark sometime in August.

    • Gold: Gold extended its rally for a third consecutive session on Monday, rising to a two-week high. The move was driven by soft US economic data, which has boosted expectations of a September Federal Reserve rate cut. CME traders are now pricing in an 86% chance of that happening.

    • Nikkei 225: Asia-Pacific markets opened higher after US President Donald Trump unveiled plans to sharply increase tariffs on Indian exports. Japan’s Nikkei 225 rose 0.54% at the open.

    • S&P 500: US stocks rebounded sharply on Monday, with the S&P 500 rising 1.47% to 6,329.94. The move snapped a four-day losing streak and marked the index’s best single session since May.

    Share this article
    Categories
    Tags

    Source link

  • Morpho price jumps 10% as RWA powerhouses launch Ascend

    Morpho price jumps 10% as RWA powerhouses launch Ascend

    Morpho

    • Morpho price rose as Morpho Labs joined other top real-world asset platforms in a new partnership.
    • RWA powerhouses Plume, Centrifuge among those to support Ascend accelerator.
    • MORPHO token jumped 10% in 24 hours to $1.85.

    The cryptocurrency market is up slightly on Monday, and Morpho (MORPHO) is one of the top gainers after posting double-digit gains in the past 24 hours.

    While the uptick aligns with overall crypto bounce that mirrors a surge across stocks, MORPHO is up after the crypto platform teamed up with other players across the real-world assets market to launch a new accelerator project dubbed Ascend.

    Amid a rebound in US stock indices, MORPHO rose 10% to highs of $1.85.

    Morpho Labs key player in RWA market

    On Monday, Morpho Labs announced that it was part of the strategic partnership that has launched Ascend.

    The groundbreaking initiative is designed as a startup accelerator targeted at the real-world assets market, with $500k in funding.

    Plume Network said Ascend is “the first startup accelerator designed to take ambitious RWA ideas into scalable protocols.”

    Big name players back the program, including Plume, Morpho, and Centrifuge.

    Others are Anchorage Digital, RWA.xyz, Keyrock and OKX Ventures. The collective aims to advance the tokenization of real-world assets.

    Morpho Labs, a decentralized finance (DeFi) lending infrastructure that among other offerings powers crypto-backed loans on Coinbase, is a top backer of the accelerator.

    As the collaboration highlights growth across the RWA sector, projects like Morpho begin to stand out.

    MORPHO token gains amid crypto bounce

    The MORPHO token experienced a significant uptick, rising 10% in 24 hours from lows of $1.66 to $1.85.

    Gains came amid the positive market sentiment around RWA tokens and the Ascend launch.

    However, it also followed a broader recovery in cryptocurrencies as a rebound in US stock markets buoyed sentiment.

    On Monday, August 4, 2025, the benchmark S&P 500, the Dow Jones Industrial Average, and tech-heavy Nasdaq Composite all rose amid market expectations of a Fed interest rate cut.

    Broader recovery follows last week’s sell-off, which saw Bitcoin dip to lows of $114k to dampen investor confidence across the ecosystem.

    However, with a rebound in equities spilling over into the crypto, BTC is up to $115k.

    A spike for RWA tokens has MORPHO eyeing a break to $2.00.

    With gains also for Plume and Centrifuge, a continuation of upside momentum could push MORPHO to February highs of $2.5 and likely allow for a new all-time high in coming months.

    MORPHO’s price surged to its all-time peak of $4.17 in January 2025.

    Share this article
    Categories
    Tags



    Source link

  • Bitcoin price dip seen as ‘perfect bottom’ by analyst; technicals target $148K

    Bitcoin price dip seen as ‘perfect bottom’ by analyst; technicals target $148K

    Bitcoin price dip seen as 'perfect bottom' by analyst; technicals target $148K

    • Bitcoin has dropped 7.5% since its recent all-time high of ~$123,250, but analysts see this as a potential “perfect bottom.”
    • BTC has successfully retested its 50-day EMA, a support level that preceded a 25% rebound in June.
    • A classic inverted head-and-shoulders (IH&S) technical pattern now targets a price of $148,250.

    Bitcoin has pulled back by 7.50% in the three weeks since it established a new record high of around $123,250.

    However, far from signaling the end of the bull run, some analysts believe this recent dip may be the final “shakeout” before a significant breakout, with technical patterns now pointing towards a potential rally to nearly $150,000.

    On Sunday, Bitcoin successfully reclaimed its 50-day exponential moving average (50-day EMA) as a key support level, after briefly dipping below it a day earlier.

    This particular moving average has historically served as a reliable launchpad for initiating fresh rallies in Bitcoin’s price.

    A similar scenario played out in June, for instance, when a brief drop below this very same wave of support preceded a sharp 25% rebound in the cryptocurrency’s value.

    Now, it appears that Bitcoin may be repeating this same technical setup. Analyst “BitBull” suggests that the cryptocurrency could be poised for a June-like rally in the coming days.

    He argues that even if the price were to drop further into the 110,000-112,000 range, it would effectively establish a “perfect bottom” for Bitcoin, potentially setting the stage for the next significant move higher.

    A classic breakout pattern targets $148,000

    The importance of the 50-day EMA as a support level is further reinforced by its alignment with the “neckline” of Bitcoin’s prevailing inverted head-and-shoulders (IH&S) pattern.

    This classic technical analysis pattern is often seen as a strong indicator of a bullish reversal.

    After initially breaking above this neckline, Bitcoin’s price has now pulled back to retest it—a typical post-breakout move. The fact that the price has bounced off this retested level reinforces the validity of the bullish reversal setup.

    This successful neckline retest now signals that Bitcoin may be entering the continuation phase of its breakout. According to the technicals of the IH&S pattern, the price is now targeting a move toward the $148,250 level.

    This is remarkably close to the widely anticipated $150,000 upside target that many analysts have forecasted for Bitcoin in 2025, with many expecting it to happen around October.

    Whale watching: on-chain data signals a ‘cyclical cooling phase’

    On-chain data provides further evidence that Bitcoin’s ongoing price dip may be a precursor to another major breakout.

    According to data from CryptoQuant, the Bitcoin market has experienced three major waves of profit-taking by large “whale” investors during the 2023–2025 bull market.

    The first of these waves followed the landmark launch of U.S. spot ETFs in March 2024. The second occurred after Bitcoin broke the $100,000 mark following the Trump election in late 2024.

    The third, and most recent, wave took place in July 2025, after a breakout over $120,000 triggered a massive 80,000 BTC sell-off by a long-time “old whale” investor.

    In a report published on Friday, CryptoQuant analysts noted that each of these waves of profit-taking was followed by a period of price consolidation or a moderate correction, typically lasting between two to four months.

    “These cooling phases have historically set the stage for renewed accumulation and a subsequent breakout to new all-time highs,” they wrote.

    The analysts concluded, “The data provides compelling evidence that the market is undergoing another cyclical cooling phase, consistent with prior waves that preceded periods of consolidation and later breakouts to higher prices.”

    This suggests that the current dip is not an end to the bull market, but rather a healthy and necessary part of its cycle.

    Share this article
    Categories
    Tags

    Source link

  • Solana price forecast as SOL bulls look to buy the dip

    Solana price forecast as SOL bulls look to buy the dip

    Solana price prediction

    • Solana has fell 7.6% in the past 24 hours to touch lows of $166.
    • The technical outlook on the daily chart shows price is taking on a bearish flip.
    • Bulls bouncing amid crypto recovery could target $200.

    Solana has experienced a 7.6% dip in the past 24 hours to touch lows of $166, with declines coming amid widespread selling across crypto.

    But as the volatility prompts some investors to take profits, bulls are likely eyeing the downturn as a buying opportunity.

    Here’s a look at the technical picture for SOL.

    Solana drops to key support level

    As highlighted, Solana’s price has declined by about 7.6% in the past 24 hours, trading to lows near $166.

    CoinMarketCap data shows Solana’s 24-hour trading volume increased by about 25% to $7.38 billion, which hints at heightened market activity.

    It’s an outlook that mirrors the broader crypto market performance, with Bitcoin (BTC) selling-off to below $115k, Ethereum (ETH) to around $3,500 and XRP down 7% to around $2.90.

    Losses across board saw total liquidations reach $758 million in the last 24 hours, with SOL seeing about $43.8 million liquidated.

    The sudden price dip meant most of the liquidations are of bullish Solana bets, which Coinglass data shows at $42 million of the $43.8 million.

    A bearish sentiment amid this flip has SOL currently hovering at a key support level.

    Could bulls capitalize on the dip to build fresh momentum towards $200? Continued network growth, as highlighted by key metrics such as active users and revenue, suggests Solana is strong long term.

    Solana price prediction

    The Solana price prediction for 2025 is largely bullish, with analysts seeing it as a key breakout level.

    Conservative forecasts put SOL at $500 by the end of 2025, mainly driven by Solana’s robust ecosystem and institutional interest.

    Spot ETFs and regulatory tailwinds could be the main catalyst.

    However, what’s the short-term outlook as cryptocurrencies navigate yet another sell-off phase?

    SOL price chart by TradingView

    The technical outlook on the daily chart shows the price remains within an ascending channel, but has broken below the middle line.

    Meanwhile, the Relative Strength Index (RSI) stands at 45, below the midpoint after SOl flipped from overbought territory.

    The RSI indicator is also downsloping to suggest a potential move toward the oversold zone.

    SOL’s daily chart also shows the Moving Average Convergence Divergence (MACD) indicators hinting at bearish momentum after a bearish crossover.

    While a drop below $160 may test lower supports at $145 and $130, a reversal amid buying pressure will allow buyers to target $200.

    As noted, some analysts are predicting SOL price to $500 in a sharp rally amid spot Solana ETFs approval.

    Share this article
    Categories
    Tags



    Source link